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Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

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The 2023 Housing Market: A Look Ahead

Housing Wire

First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. There won’t be forced home sales like we saw in the crisis. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

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Think US home prices are high? At least we aren’t Canada

Housing Wire

housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. The days on market grow, which gives people more choices and less forced bidding.

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Why home-price growth is still up 18% year over year

Housing Wire

From Realtor.com : Even with demand weakness in recent months, days on market are still low. Because total inventory data is still low historically, the days on the market are not growing, year over year, per the last two existing home sales reports. From Redfin. However, not to the degree we saw from 2005-2008.

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I Need to Sell My House Fast, What Are My Options?

HomeLight

And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. If you don’t have the patience for this timeline, including the 49 days you’ll spend waiting for a traditional buyer’s mortgage to wrap, you’ll need to get creative with your plans. Thankfully, you do have options.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. copy to clipboard Short sale approach: Ms.

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale?